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James Smith McDonnell ( April 9 , 1899 - August 22 , 1980 ) was an Aviation pioneer and founder of McDonnell Aircraft Corporation , later McDonnell Douglas . McDonnell was a graduate of Princeton University and earned a Master's of Science in Aeronautical Engineering from MIT . After graduating from MIT, he worked for the Huff Daland Airplane Company and Glenn L. Martin Company . He resigned from Martin in 1938 and founded McDonnell Aircraft Corporation in 1939 . Headquartered in St. Louis , the company quickly grew into the principal supplier of Fighter Aircraft to the U.S. Air Force and U.S. Navy . In 1950, he founded the James S. McDonnell Foundation to "improve the quality of life," and does so by contributing to the generation of new knowledge through its support of research and scholarship.

McDonnell was, by some accounts, a believer in the Occult , and many of his aircraft were given names of supernatural beings or rituals (such as Phantom , Demon , Goblin , Banshee , and Voodoo ).